2017-05-08T14:41:17-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-01-01 410414520 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE MINN 6123709141 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 JONATHAN WEINHAGEN PRESIDENT & CEO 6123709141 2017-04-28 1 JOHN TAUER P00294068 6123764500 67.137.57.251 2017-04-28 10:51:31 CD P B4CEFC48486AD23E31E8D5C62CADEAB4C6800BE3 5BFE7676D8EC5C242CDF9839AF96295FEEFA7AB1 2016 2021-01-29 14:40:06Z JONATHAN WEINHAGEN 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 2292646 0 X WWW.MINNEAPOLISCHAMBER.ORG X 1881 MN CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 43 43 20 150 42642 4015 53395 67688 2259449 2106789 1170 8704 19973 47097 2333987 2230278 41564 53594 0 0 1025136 1034982 0 0 0 1232264 1226652 2298964 2315228 35023 -84950 1043856 873986 664299 585921 379557 288065 X CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 0 0 MRCC CONDUCTED LEADERSHIP TWIN CITIES WITH 44 PARTICIPANTS. LEADERSHIP TWIN CITIES IS A LEADERSHIP DEVELOPMENT PROGRAM THAT INFORMS INDIVIDUALS ABOUT THE CRITICAL ISSUES FACING MINNEAPOLIS AND SURROUNDING CITIES AND CHALLENGES THEM TO MAKE A DIFFERENCE THROUGH PERSONAL COMMITMENT AND INVOLVEMENT. MRCC ORGANIZED AND LED DELEGATION OF 90 COMMUNITY, GOVERNMENT, AND BUSINESS LEADERS TO BALTIMORE, MD FOR AN INTER-CITY LEADERSHIP VISIT, IN WHICH THE LEADERS TOURED THE CITY, MET WITH THEIR COUNTER-PARTS AND HEARD PRESENTATIONS ON BALTIMORE'S ECONOMIC GROWTH STRATEGIES, AMENITIES AND ATTRACTIONS. THE KEYSTONE PROGRAM RECOGNIZES AND HONORS COMPANIES THAT DONATE AT LEAST 2% OF THEIR PRE-TAX EARNINGS TO THE COMMUNITY. FORTY YEARS AGO, 23 MINNESOTA COMPANIES CREATED THIS PROGRAM (ORIGINALLY KNOWN AS "THE 5% CLUB") TO RECOGNIZE AND ENCOURAGE CHARITABLE GIVING AND TO SET AN EXAMPLE FOR THEIR BUSINESS COLLEAGUES. KEYSTONE CELEBRATED ITS 40TH YEAR AND ENROLLED OVER 150 MEMBERS IN 2016. MORE THAN 450 INDIVIDUALS ATTENDED THE EVENT IN DECEMBER. SINCE 1991, THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE HAS PRESENTED ITS QUALITY OF LIFE AWARDS AS A PUBLIC WAY OF CONGRATULATING LOCAL BUSINESSES FOR DOING WHAT THEY DO BEST, PROVIDING DESIRABLE PLACES TO WORK AND CREATING SOUND COMMUNITIES IN WHICH TO LIVE AND DO BUSINESS. THREE AWARDS ARE GIVEN TO CHAMBER MEMBER BUSINESSES AND/OR ORGANIZATIONS IN THREE CATEGORIES-LARGE, MEDIUM, AND SMALL BUSINESS. NORTHEAST PARADE STARTED IN 1929 AS A STREET CAR PARADE AND CELEBRATED ITS 88TH YEAR FOR THE PARADE IN 2016 WITH APPROXIMATELY 120 ENTRANTS, 120 VOLUNTEERS AND OVER 8,000 PEOPLE IN ATTENDANCE. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 22 0 20 1 1 1 0 0 0 0 0 X 43 43 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X RENAE BUGNI 6123709141 81 S NINTH STREET 200 MINNEAPOLIS MN 55402 LAURA MCCARTEN BOARD CHAIR 0.50 0.10 X X 0 0 0 TED JOHNSON CHAIR ELECT 0.50 0.10 X X 0 0 0 PATRICIA GRAZZINI TREASURER 0.50 0.10 X X 0 0 0 ERIC ANDERSON BOARD MEMBER 0.50 0.10 X 0 0 0 TODD ANLAUF BOARD MEMBER 0.50 0.10 X 0 0 0 LESTER BAGLEY BOARD MEMBER 0.50 0.10 X 0 0 0 CHANDA SMITH BAKER BOARD MEMBER 0.50 0.10 X 0 0 0 RANDY BOUSHEK BOARD MEMBER 0.50 0.10 X 0 0 0 STEVE BURK BOARD MEMBER 0.50 0.10 X 0 0 0 JAY COWLES BOARD MEMBER 0.50 0.10 X 0 0 0 STEVE CRAMER BOARD MEMBER 0.50 0.10 X 0 0 0 LYNNETTE SLATER CRANDALL BOARD MEMBER 0.50 0.10 X 0 0 0 JEFF DAVIDMAN BOARD MEMBER 0.50 0.10 X 0 0 0 KAREN DODSON BOARD MEMBER 0.50 0.10 X 0 0 0 KIP ELLIOTT BOARD MEMBER 0.50 0.10 X 0 0 0 SHELLY ELMORE BOARD MEMBER 0.50 0.10 X 0 0 0 CHRISTOPHER FERGUSON BOARD MEMBER 0.50 0.10 X 0 0 0 PAUL FLOOD BOARD MEMBER 0.50 0.10 X 0 0 0 ALISON FORD BOARD CHAIR 0.50 0.10 X 0 0 0 TOM GERSTER BOARD MEMBER 0.50 0.10 X 0 0 0 DAVID HAKENSEN BOARD MEMBER 0.50 0.10 X 0 0 0 BLAKE HASTINGS BOARD MEMBER 0.50 0.10 X 0 0 0 BRIAN HERMAN BOARD MEMBER 0.50 0.10 X 0 0 0 CORY HOEPPNER BOARD MEMBER 0.50 0.10 X 0 0 0 CHRIS HOFSTAD BOARD MEMBER 0.50 0.10 X 0 0 0 KALYN HOVE BOARD MEMBER 0.50 0.10 X 0 0 0 C THEODORE JOHNSON BOARD CHAIR 0.50 0.10 X 0 0 0 MATT JOHNSON BOARD MEMBER 0.50 0.10 X 0 0 0 TOM KARLEBO BOARD MEMBER 0.50 0.10 X 0 0 0 KEVIN LEWIS BOARD MEMBER 0.50 0.10 X 0 0 0 DAVID LINDSTROM BOARD MEMBER 0.50 0.10 X 0 0 0 SUSAN ADAMS LOYD BOARD MEMBER 0.50 0.10 X 0 0 0 MARK LUCKE BOARD MEMBER 0.50 0.10 X 0 0 0 BETH MCCONAHAY BOARD MEMBER 0.50 0.10 X 0 0 0 ORINTHIA MONTAGUE BOARD MEMBER 0.50 0.10 X 0 0 0 DIANE NIXA BOARD MEMBER 0.50 0.10 X 0 0 0 RAVI NORMAN BOARD MEMBER 0.50 0.10 X 0 0 0 JEFF PELLEGROM BOARD MEMBER 0.50 0.10 X 0 0 0 STEFAN PITTINGER BOARD MEMBER 0.50 0.10 X 0 0 0 DAVID PRINCE BOARD MEMBER 0.50 0.10 X 0 0 0 EVA RASMUSSEN BOARD MEMBER 0.50 0.10 X 0 0 0 JOE RAVENS BOARD MEMBER 0.50 0.10 X 0 0 0 JIM ROTH BOARD MEMBER 0.50 0.10 X 0 0 0 DAN SEEMAN BOARD MEMBER 0.50 0.10 X 0 0 0 MICHELLE SWANSON BOARD MEMBER 0.50 0.10 X 0 0 0 MELVIN TENNANT BOARD MEMBER 0.50 0.10 X 0 0 0 PHIL TRIER BOARD MEMBER 0.50 0.10 X 0 0 0 BRAD TUTUNJIAN BOARD MEMBER 0.50 0.10 X 0 0 0 BRIAN WEINREIS BOARD MEMBER 0.50 0.10 X 0 0 0 TOM WHITLOCK BOARD MEMBER 0.50 0.10 X 0 0 0 PAUL WILLIAMS BOARD MEMBER 0.50 0.10 X 0 0 0 MATT ZABEL BOARD MEMBER 0.50 0.10 X 0 0 0 JONATHAN WEINHAGEN PRESIDENT SINCE OCT. 2016 40.00 4.00 X 38904 0 3395 JOHN STANOCH INTERIM PRESIDENT 40.00 4.00 X 67488 0 2700 TODD KLINGEL PRESIDENT UNTIL APRIL 2016 40.00 4.00 X 95789 0 15463 CHERYL BUTZ DIRECTOR OF FINANCE UNTIL DEC. 2016 40.00 4.00 X 37493 0 18641 239674 0 40199 1 0 0 0 0 67688 67688 MEMBERSHIP DUES 519100 1121989 1121989 EVENTS, FUNCTIONS 519100 846784 846784 LEADERSHIP PROGRAM 519100 101916 101916 ADVERTISING 511120 19000 19000 AFFINITY INCOME 519100 17100 17100 2106789 2162 2162 65892 59350 6542 6542 6542 6935 3018 3917 3917 MISCELLANEOUS INCOME 900099 43180 43180 43180 2230278 2070689 42642 49259 53594 223739 672754 21477 46490 70522 19055 51500 85136 81075 86451 54477 293710 52562 368283 38521 13231 MISCELLANEOUS 40264 BANK SERVICE CHARGES 28461 BAD DEBT 10000 DUES AND SUBSCRIPTIONS 3926 2315228 273785 81736 549844 651226 42755 31383 81059 51931 280665 222955 94413 57710 2000 0 1043856 873986 107278 85750 522376 464085 34645 36086 664299 585921 X 379557 288065 379557 288065 1043856 873986 X -84950 -6542 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 1121589 70834 70834 50648 20186 76250 64212 12038 191641 145969 45672 12774 12774 0 57710 CAPITAL LEASE PAYABLE 21680 DEFERRED RENT BENEFIT 14406 36086 X 2366089 136085 6268 142353 2223736 6542 6542 2230278 2470558 136085 19245 155330 2315228 0 2315228 PART X, LINE 2: THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE IS A QUALIFIED TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES. HOWEVER, THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE FILES AN INCOME TAX RETURN RELATING TO ITS UNRELATED BUSINESS INCOME ACTIVITIES. INCOME TAXES FOR UNRELATED BUSINESS INCOME ACTIVITIES ARE ACCRUED AND INCLUDED IN THE COMBINED STATEMENT OF ACTIVITY IN THE YEAR INCURRED. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF AFFILIATE REPORTED ON A SEPARATE RETURN 3,250. GAMING EXPENSES 3,018. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET INCOME FROM TICKET SALES RECORDED AS A PREPAID 6,542. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 16,227. GAMING EXPENSES 3,018. 1 HATSOOK PROPERTIES LLC 739 MADISON ST NE MINNEAPOLIS MN 55413 474094738 N/A 5000 N/A N/A FACADE GRANT GUS LLC 2516 CENTRAL AVE NE APT 3 MINNEAPOLIS MN 55418 752975109 N/A 7188 N/A N/A FACADE GRANT G & W HOLDING 1563 BLUEWATER LANE WOODBURY MN 55129 812674273 N/A 5000 N/A N/A FACADE GRANT EASTSIDE FOOD CO-OP 2551 CENTRAL AVE NE MINNEAPOLIS MN 55418 411936048 N/A 5000 N/A N/A FACADE GRANT CENTRAL AVENUE AUTO 2628 CENTRAL AVE NE MINNEAPOLIS MN 55418 411392542 N/A 5000 N/A N/A FACADE GRANT 0 5 PART I, LINE 2: THE CHAMBER PROVIDES FACADE GRANTS TO BUSINESSES TO IMPROVE STORE FRONTS. THE CHAMBER REQUIRES BOTH AN APPLICATION AND A COMPLETION CERTIFICATE FOR EACH FACADE GRANT PROJECT. THE CHAMBER REVIEWS THE APPLICATION TO ENSURE ALL CRITERIA DEFINED BY THE CHAMBER HAVE BEEN MET TO BE BOTH ELIGIBLE AND TO RECEIVE FUNDS. THE CHAMBER REQUIRES A COMPLETION CERTIFICATE FROM THE GRANTEE AS PROOF THAT PROJECTS HAVE BEEN COMPLETED AND MEET THE GOALS DEFINED IN THE APPLICATION PROCESS. FORM 990, PART VI, SECTION A, LINE 1 THE CHAMBER'S EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, CHAIR-ELECT, FIRST VICE CHAIR, SECRETARY/TREASURER, IMMEDIATE PAST CHAIR, EACH AREA COUNCIL CHAIR AND THREE TO FIVE BOARD MEMBERS APPOINTED BY THE CHAIR. IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE HAS THE CHARGE OF ROUTINE BUSINESS OF THE CHAMBER AND IS PERMITTED TO ESTABLISH POLICIES OF THE CHAMBER ON ALL MATTERS, INCLUDING MATTERS OF A PUBLIC POLICY OR LEGISLATIVE NATURE. IT SHALL HAVE GENERAL CHARGE OF THE FINANCES AND PROPERTY OF THE CHAMBER AND SHALL HAVE AUTHORITY TO ORDER DISBURSEMENTS FOR NECESSARY EXPENSES AND MAY, ACTING THROUGH THE SECRETARY/TREASURER, GRANT TO ANY COMMITTEE A REASONABLE AMOUNT OF MONEY FOR SPECIAL WORK. THE EXECUTIVE COMMITTEE MAY REFER MATTERS BROUGHT BEFORE IT TO ANY OTHER COMMITTEE OR TASK FORCE. THE EXECUTIVE COMMITTEE IS THE PRIMARY LIAISON BETWEEN THE BOARD OF DIRECTORS AND THE AREA BOARDS OF DIRECTORS, AND IS RESPONSIBLE FOR COMMUNICATING AND ENFORCING THE DIRECTIVES AND POLICY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BUSINESSES IN THE MINNEAPOLIS REGIONAL AREA; BOARD MEMBER'S COMPANIES ARE REQUIRED TO BE MEMBERS OF THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE/AUDIT COMMITTEE WILL REVIEW THE COMPLETED FORM 990, WHICH WILL BE COMPLETED BY AN INDEPENDENT ACCOUNTING FIRM, BEFORE THE FORM 990 IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND EMPLOYEES OF THE ORGANIZATION. EACH RESPONSIBLE PERSON MUST REVIEW THE POLICY AND ANNUALLY COMPLETE A DISCLOSURE FOR IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. ANY SUCH INFORMATION REGARDING A BUSINESS INTEREST IS GENERALLY MADE AVAILABLE TO THE CHAIR, THE PRESIDENT, EXECUTIVE DIRECTOR AND ANY COMMITTEE APPOINTMENT TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN DISCUSSIONS OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS A SECRET BALLOT. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A COMPARABLE SURVEY DATA FROM NONPROFIT ORGANIZATIONS, THE NATIONAL CHAMBER OF COMMERCE, AND OTHER ASSOCIATION MARKET DATA IS PROVIDED TO THE COMPENSATION COMMITTEE TO REVIEW AND APPROVE FOR OFFICER'S COMPENSATION. A 3% INCREASE WAS GIVEN IN 2011; THE COMPENSATION COMMITTEE REVIEWED SURVEY DATA IN 2010. THEY REVIEWED AND APPROVED THE TOTAL COMPENSATION PACKAGE FOR THE PRESIDENT/CEO FOR 2009 AND 2010 AT THIS TIME, NO ADDITIONAL MEETINGS WERE HELD IN 2011 TO REVIEW COMPENSATION OF THE PRESIDENT/CEO. THE PRESIDENT/CEO IS THE ONLY EMPLOYEE THAT HAD COMPENSATION REVIEWED BY THE COMMITTEE. A FORMAL REVIEW OF THE SALARY OF THE PRESIDENT/CEO WAS CONDUCTED IN 2016. AT THAT TIME A REVIEW OF THE SALARY SURVEYS LISTED ABOVE WERE USED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: NET INCOME FROM TICKET SALES RECORDED AS PREPAID -6,542. MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION 81 S NINTH ST 200 MINNEAPOLIS MN 55402 363468708 ECONOMIC DEVELOPMENT MN 501(C)(3) LINE 7 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1